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Thread: Sanctions? Russian economy to overtake Germany’s by 2020

  1. #21
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    Ransom's Avatar Senior Member
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    Quote Originally Posted by PJL View Post
    get a life outside this forum Bob.....it'll be good for you.
    How about you find a link that doesn't use economies measured by a combination of purchasing-power-parity (PPP) exchange rates and nominal gross domestic product in backing your assertions here?

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    PJL's Avatar Senior Member
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    Quote Originally Posted by Ransom View Post
    How about you find a link that doesn't use economies measured by a combination of purchasing-power-parity (PPP) exchange rates and nominal gross domestic product in backing your assertions here?
    I think measuring economies by numbers is never an accurate indication of any countries quality of life. The figures are too easily manipulated to paint a preferred picture. The picture is then shown to a disgruntled population , to pacify them , and make them feel better.
    Last edited by PJL; 07-10-2019 at 09:41 PM.

  3. #23
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    Quote Originally Posted by PJL View Post
    I think measuring economies by numbers is never an accurate indication of any countries quality of life. The figures are too easily manipulated to paint a preferred picture. The picture is then shown to a disgruntled population , to pacify them , and make them feel better.
    Germany had the world's 4th largest economy, Russia's isn't in the top 10. PJL, your stats are using PPP standards....purchasing power parity. PPP GDP is used to measure both the economic growth and "living standards" in any country. PPP uses exchange rates to convert one country’s currency into the other's....then PPP uses what they call a 'consistent amount of money' to see how much can be purchased in any country...and make comparisons. Germany's economy dwarfs Russia's.

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